Over the next three years, small business owners will benefit from training and other support services under a partnership between the National Development Foundation of Jamaica (NDFJ) and the Micro, Small and Medium-sized Enterprises (MSME) Alliance. Story Highlights Representatives from both entities formalised this partnership with the signing of a Memorandum of Understanding (MOU) at the offices of the Ministry of Industry, Commerce, Agriculture and Fisheries, in New Kingston, on June 22. For his part, President of the MSME Alliance, Donovan Wignal, noted that with this training, the number of small businesses that fail, normally 80 per cent, will be reduced. Over the next three years, small business owners will benefit from training and other support services under a partnership between the National Development Foundation of Jamaica (NDFJ) and the Micro, Small and Medium-sized Enterprises (MSME) Alliance.Representatives from both entities formalised this partnership with the signing of a Memorandum of Understanding (MOU) at the offices of the Ministry of Industry, Commerce, Agriculture and Fisheries, in New Kingston, on June 22.The NDFJ and MSME Alliance will, initially, offer training courses and workshops as well as back-office support to small businesses.Other business support services are expected to be offered over the life of the agreement.Director General of the Industry Ministry, Vivian Brown, welcomed the partnership as “extremely timely… and highly commendable”, which he noted is in line with the Government’s increased emphasis on the development of the MSME sector.He said that the assistance of private-sector entities, such as the NDFJ and MSME Alliance, is crucial to the Administration’s continued thrust to provide an enabling environment for the growth of small businesses.Mr. Brown said he is pleased that the capacity building that will be provided under the MOU will help businesses to better deal with some of the obstacles to doing business, such as access to capital.In the meantime, Chairman of the NDFJ, Dalma James, said he is confident that the expertise the Foundation will impart to small business owners will redound to the good of the sector.“We are hoping that at the end of the day, we will have business operators who are more educated, more focused, will be able to better manage their business and, by natural extension, they will be seen as less risky. If they are less risky, then the commercial banks and other financial institutions will be more inclined to lend money to these businesses,” he said.The NDFJ operates a Centre of Excellence which provides training, education and professional back-office support and consultancy for entrepreneurs.For his part, President of the MSME Alliance, Donovan Wignal, noted that with this training, the number of small businesses that fail, normally 80 per cent, will be reduced.“This is one more option added to the mix of available training for small businesses, one more avenue for small businesses to break that glass ceiling, to matriculate into major business going forward, and to make themselves more sustainable,” he said.The MSME Alliance is a small-business support organisation which lobbies on behalf of its members.
Asda sales bounced back at the end of last year it had lost ground to some of its rivals.The grocery giant, second in size only to Tesco, saw its market share slip last year.But sales in the fourth quarter rose 1.6 per cent. It said it had been boosted by its Chosen by You range. Chief executive Andy Clarke said: “I’m pleased with the progress we’ve made in the last six months. We have successfully extended our price gap to ten per cent, significantly improved the quality of our food across the entire store, and given our customers even better service.”The sales rise means Asda staff will share a bonus pot of £26.9m, with most receiving around £350 each.Meanwhile Asda’s parent company Wal-Marrt yesterday reported that sales fell 1.8 per cent – the seventh consecutive quarterly fall. Tuesday 22 February 2011 11:09 am Show Comments ▼ Share John Dunne whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndo whatsapp Asda sales bounce back triggering staff bonus Tags: NULL